635
635
Mar 20, 2013
03/13
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look at this market, 14,529. >> bob? >> 1,565 on the s&p. we could theoretically do it in the next few minutes. during bernanke's press conference, there was an unintentional moment of mirth, an amusing moment, where he said he had spoken to an unemployed person recently. it wasn't meant to be fun. but a lot of people chuckled at that one. hey, maria, look at the dow moving up. there was about 212, 212. the fed statement has been out and all of a sudden the dow moved up and everybody came over to me and said, what happened? i think this is actually not due to mr. bernanke or the fed. there was leak from japan about what the bank of japan might say tomorrow. there's going to be a press conference, the new guy is giving a press conference. the nikkei newspaper came out and said he's going to make an extremely aggressive statement. if you look at that dxj, the japan stock market rocketed up just after 2:00. the yen weakened. so i actually think some thoughts about what was going on here moved our market just a little bit here. guys? >> a dollar
look at this market, 14,529. >> bob? >> 1,565 on the s&p. we could theoretically do it in the next few minutes. during bernanke's press conference, there was an unintentional moment of mirth, an amusing moment, where he said he had spoken to an unemployed person recently. it wasn't meant to be fun. but a lot of people chuckled at that one. hey, maria, look at the dow moving up. there was about 212, 212. the fed statement has been out and all of a sudden the dow moved up and...
673
673
Mar 19, 2013
03/13
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and bob, let me kick this off with you. when you say the fed will stop sooner rather than later, what are you envisioning? >> i don't really mean stop. i think maybe they will decide that $85 billion a month is more than they need and they will phase that down somewhat. i think, though, that it goes on through 2013. one thing that mr. bernanke believes that is relevant here, is that he thinks the stats of monetary policy has to do with the level of fed assets, rather than the growth of fed assets. so if he starts tapering off and just sort of glides in, he doesn't consider that a tightening. he would consider that locking in the ease that's already prevailing. >> all right. let me just interrupt for very quickly, mr. cashen just came by. there was a rumor going around that maybe the imf would step in on cyprus with a bailout plan of their own, but that's been discounted all of a sudden. >> a lot of speculation about that. >> that's just speculation. but that's what was making the rounds and pushing the market higher all of
and bob, let me kick this off with you. when you say the fed will stop sooner rather than later, what are you envisioning? >> i don't really mean stop. i think maybe they will decide that $85 billion a month is more than they need and they will phase that down somewhat. i think, though, that it goes on through 2013. one thing that mr. bernanke believes that is relevant here, is that he thinks the stats of monetary policy has to do with the level of fed assets, rather than the growth of...
83
83
Mar 18, 2013
03/13
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bob doll, great to see you, bob. >> thank you. cheryl: bob doll, nuveen asset management, senior portfolio manager. we will see you, hopefully, very soon. you want to stick around for "after the bell" today as they're going to take on how cypress' decision could affect the banks in the united states. erin davis is going to be joining david asman and sandra smith, really interesting interview coming up. the closing bell rings -- it's all about the well right now -- the bell right now, right? we've got 49 minute toss go. the next big thing might come in a small package. mini options hit the new york stock exchange today. how can you get in on some possibly big returns? it is by going mini. steve crutchfield takes you to countdown college late other than this hour -- later on this hour. and we are used to charlie, like, constantly on the phone, burning up the phone lines in this building. all right, his phone was ringing off the hook. wait until you hear which industry is dialing charlie's number, and they've got his cell phone, it's
bob doll, great to see you, bob. >> thank you. cheryl: bob doll, nuveen asset management, senior portfolio manager. we will see you, hopefully, very soon. you want to stick around for "after the bell" today as they're going to take on how cypress' decision could affect the banks in the united states. erin davis is going to be joining david asman and sandra smith, really interesting interview coming up. the closing bell rings -- it's all about the well right now -- the bell right...
600
600
Mar 25, 2013
03/13
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bob pisani is here to tell us how to pronounce the gentleman's name. >> this guy has been the head of the euro group three weeks. think it's a little trial by fire for the poor guy? he said something that was quite reasonable today. think about it. he said, first off, we're going to tell in the future stockholders and bondholders should take the first hit when a bank needs to be recapitalized. then the uninsured bank depositors should be asked to contribute something. lastly a bailout. that might be a reasonable thing to say. everyone jumped on this, this is the new template. his office came out and said every country is unique. this is not a new template necessarily. >> it shows us how on edge everybody is. >> most of us believe it is. >> which statement is the truth? which one does he really mean? >> it's good news for people worried about the moral hazard stuff. you can't have bailouts forever. it's a hazard, moral hazard. it's created a little more uncertainty. the question is your first question. when do we get to the new highs on the s&p? i think when we get a little more clarif
bob pisani is here to tell us how to pronounce the gentleman's name. >> this guy has been the head of the euro group three weeks. think it's a little trial by fire for the poor guy? he said something that was quite reasonable today. think about it. he said, first off, we're going to tell in the future stockholders and bondholders should take the first hit when a bank needs to be recapitalized. then the uninsured bank depositors should be asked to contribute something. lastly a bailout....
123
123
Mar 21, 2013
03/13
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bob pisani on it, on the floor of the nyc. what's going on here, bob? >> two things, cyprus, and number two, global economic slowdown is the story today. take a look at the dow industrials. see that bottom around 2:00? we turned around when word came out that the cypriot government was creating a resolution process to wind down bad banks, and also, they're going to try to introduce a bill to protect depositors of up to 100,000 euros. that helped. global economic slowed down. transports were a major issue again today. and remember, we did see fedex week yesterday, weak again today. but others weak. like landstar and gatx. this was a big issue today. those stocks never really recovered here. multi-industry companies, here's the global slowdown. companies that work across many different platforms, many different countries were all down here today, 1, 2, or 3%. how about the home builders? a little disappointing, maria. existing home sales didn't break the psychologically important 5 million share mark. all were down today. kb home did have a very good earn
bob pisani on it, on the floor of the nyc. what's going on here, bob? >> two things, cyprus, and number two, global economic slowdown is the story today. take a look at the dow industrials. see that bottom around 2:00? we turned around when word came out that the cypriot government was creating a resolution process to wind down bad banks, and also, they're going to try to introduce a bill to protect depositors of up to 100,000 euros. that helped. global economic slowed down. transports...
552
552
Mar 18, 2013
03/13
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joining me right now along with hank is jason pride, peter schiff of euro pacific capital and our own bob pisani. peter schiff, let me kick it off with you and get your take on what's going on in cyprus right now. what's the impact? >> a lot of people are hoping what happens in cyprus stays in cyprus. i wouldn't be so sure. i think bank depositors including depositors here in the united states have to be concerned about the value of their deposits. because if we have a major bank failure in the united states, you know, there's no way the fdic has the money to cover the potential losses. so we would have to have a huge bailout like t.a.r.p. and where would the money come from? and even if there is a bailout and the fed has to print money, the losses to depositors to inflation will be far greater than what the cyprus depositors are losing due to this tax. >> hank smith, it is pretty extraordinary depositors have to pay for a bailout they didn't necessarily authorize. what do you think about what peter said? is this a recipe that would be used elsewhere in the world? >> i highly down it, mar
joining me right now along with hank is jason pride, peter schiff of euro pacific capital and our own bob pisani. peter schiff, let me kick it off with you and get your take on what's going on in cyprus right now. what's the impact? >> a lot of people are hoping what happens in cyprus stays in cyprus. i wouldn't be so sure. i think bank depositors including depositors here in the united states have to be concerned about the value of their deposits. because if we have a major bank failure...